POSTED: 01 Apr 2013 11:02 AM

SINGAPORE

Price growth of private homes moderated in the first quarter of 2013, compared to the fourth quarter of 2012.

According to flash estimates released by the Urban Redevelopment Authority (URA) on Monday, private home prices rose 0.5 per cent in the first quarter of this year. This followed a 1.8 per cent increase in the previous quarter.

Price increase of non-landed private residential properties slowed to 0.4 per cent in the core central region in the first quarter of 2013, compared to 0.7 per cent in the previous quarter.

There was no price growth in the city fringes. This was in contrast to the 0.9-per cent increase in the previous quarter.

URA said prices of private homes outside the central region went up by 1.7 per cent in the first quarter this year, which was less than half the increase of 3.8 per cent in the previous quarter.

– CNA/xq